09:45 AM EDT, 05/09/2024 (MT Newswires) -- Warby Parker ( WRBY ) reported a Q1 net loss Thursday of $0.02 per diluted share, narrowing from $0.09 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.05.

Revenue for the quarter ended March 31 was $200 million, up from $172 million a year earlier.

Analysts surveyed by Capital IQ expected $196.4 million.

The company said it now expects 2024 revenue of $753 million to $761 million. That compares with the previous range of $748 million to $758 million. Analysts polled by Capital IQ expect $755.2 million.

Shares of the company were up nearly 17% in recent trading on Thursday.

Price: 14.52, Change: +2.08, Percent Change: +16.72